Report: Feds will allocate more transportation funds to states that raise taxes to pay for infrastructure

There’s no indication whether the new plan from the Trump administration would supplement or replace a suggested seven-cent increase to the federal gas tax, a strategy that one of the president’s advisers reportedly shared with House legislators in October. The federal gas tax funds the Highway Trust Fund (HTF), which allocates money to the states for transportation infrastructure projects. According to the Congressional Budget Office, the HTF will be completely tapped within 10 years if it can’t tap into new revenue streams.

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Source: Construction Dive

 

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